Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How China Is Using Currency Swaps to Sidestep the Dollar
China's quiet weapon in the global currency war isn't a yuan peg or reserve status — it's bilateral swap lines. In Episode 80 of China Economy with Fexingo, Lucas and Luna unpack how Beijing has signed over 40 swap agreements worth nearly $500 billion with central banks from Argentina to Indonesia. They examine the mechanics: how these swaps let trade partners settle directly in yuan, bypassing US dollar clearing and reducing sanctions risk. With the yuan weakening to 6.77 per dollar and the trade-weighted dollar index hitting 120.4, the hosts discuss why China is accelerating…
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